Indian Solar Water Pump Market Research and Forecast, 2018-2023

Indian solar water pump market size, share, market trends, research and analysis report by type (surface water pumps, submersible water pumps) by component (solar panel, controller, pumps) by applications (agriculture purpose, household, industrial) forecast 2018-2023

"Increasing applications in household and agriculture sector are augmenting the Indian solar water pump market"

According to OMR analysis, the Indian solar water pump market is estimated to grow significantly during the forecast period 2018-2023. Increasing application in domestic and agriculture sector, increasing rural drinking water needs and, national and state level government schemes are increasing the market value for Indian solar water pump.

Furthermore, the Indian solar water pump market is segmented on the basis of types of pump, component, application, end user and regional outlook. The report provides detailed & insightful chapters which includes market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market.

Full report of Indian solar water pump market is available at https://www.omrglobal.com/industry-reports/indian-solar-water-pump-market/

Water transportation is one of the imperative operations in agriculture sector for irrigation purpose. Due to increasing government support to the agriculture sector of India, adoption of energy efficient solar water pumps is growing. Solar water pumps eliminate the problem of unavailability of electricity in rural areas of the country. According to the World Bank, there were 20,000 solar irrigation pumps that had been installed in 2015. Solar water pumps are most beneficial for the North eastern region of the country due to over dependency of farmers on diesel-based pumps incurring more expenses as compared to solar water pump. Solar pump reduces the dependency on conventional fuels resulting in reduction of environment pollutants and agricultural expenses for farmers. Therefore, with the support of government policies, the market is estimated to grow with substantial rate in the forecast period.

Moreover, household application for the solar water pump is increasing in the country. Water requirement for livestock feeding, poultry care services and so forth is rising the demand for eco-friendly and economical mode of water transportation. After the installation, the cost for operation and maintenance becomes minimal, enabling farmers and household end users to operate with the less cost as compared to conventional pumps creating huge electricity consumption in the country. Additionally, subsidy programs for water pumps across the country are augmenting the value of solar water pump market in the country. For instance, in Karnataka farmers enjoy subsidy and facility to send excess energy generated to the power grid.

The report covers
Comprehensive research methodology of Indian solar water pump market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Indian solar water pump market.
Insights about market determinants which are stimulating the Indian solar water pump market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

For related reports please visit https://www.omrglobal.com/reports-category/electrical-electronics/

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